Private investment firm acquires Global Transport Logistics, Am Trans Expedite, creates new logistics platform
This transaction brings together proprietary capacity and innovative solutions to create an evolutionary national logistics network focused on retail consolidation, LTL shipping and multimodal transportation brokerage.
Hudson Hill Capital, a New York-based private investment firm, acquired majority stakes in Global Transport Logistics, Inc. (GTLi), Glen Rock, N.J., and Am Trans Expedite, Inc., Addison, Ill., to form Fusion Transport, LLC, a newly established logistics holding company.
This transaction brings together proprietary capacity and innovative solutions to create an evolutionary national logistics network focused on retail consolidation, less-than-truckload (LTL) shipping and multimodal transportation brokerage. The founders and senior executives of both GTLi and Am Trans retained significant equity in the combined company and will continue in key leadership roles. The two companies will operate as subsidiaries of Fusion Transport.